Union Bancaire Privée has expanded its emerging markets fixed income range with the launch of a new EM sovereign bond fund, following growing demand from investors.
The strategy will be managed by new hire Thomas Christiansen, who left Nordea Asset Management to oversee sovereign emerging market debt at UBP in August.
Christiansen had served as lead portfolio manager for external emerging market debt during two years with Nordea in its Copenhagen office. Prior to that, the manager oversaw EMD at BlackRock during a six-year spell.
The UBAM – Emerging Market Sovereign Bond fund uses both top-down and bottom-up security selection to gain exposure to hard-currency sovereign or quasi-sovereign bonds, in an investment universe that mainly consists of issuers based in emerging countries.
Commenting on the launch, Denis Girault, head of emerging market fixed income at UBP, said: ‘The launch of this new strategy reflects the significant and continued demand from investors for exposure to emerging markets.
‘We believe our investment approach, combining top-down and bottom-up thematic analysis, is ideally suited to help investors benefit from a highly attractive and exciting segment of the investment world.’
The fund will run alongside UBP’s emerging market fixed income fund range, including three EM corporate strategies: the UBAM – EM Investment Grade Corporate Bond fund, the UBAM – Emerging Market Corporate Bond fund and the UBAM – EM High Yield Short Duration Corporate Bond fund, plus one unconstrained strategy, the UBAM – Emerging Market Debt Opportunities fund.
The fund is available to investors across Europe.